ࡱ> ortf6opqgegikmoq s u w y{}ACEGIKMOQSUWY[]_ a!!c""e##g$$i%%k&&m''o((q))s**u++w,,y--{..b/c/d/000a2b2c23~45E555@lbjbj22KXX7)ELLLDxxx4˗4 + + +$ɘRL05( +00i_&D&D&D0 L&D0&D:&D`Dnr_\La  0&(x:0z` ~b 40˗`@>@aLa +V_,&DS-. + + +$ Ģ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lf H" 35-60 << A 0=:5@0=F0E, B.5. ?@8 >A=>2=>< ?0@0:>;> 70-80. 0AG5B=>5 A>?@>B82;5=85 B0:>9 D81@K - >:>;> 440 0.0@0?B83> 4;O ?@>G=>AB8 D81@>15B>=0 =0 @0ABO65=85 (l/d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df = 0,2-1,2 <<, lf = 10-110 < :0B53>@8OG=>AB8 AB0;L=0O D81@0 ?>4@0745;O5BAO =0 5 3@C?? 2 7028A8AB8 >B 2@53> A>?@>B82;5=8O =0 @07@K2 (2@min= 400-800 0) [7]; 2 -  03=8B>3>@A:89 :0;81@>2>G=K9 702>4. $81@0 2K?CA:05BAO A>3;0A=> "# 14-176-119-2002 (df = 0,2-1,6 <<, lf = 20-160 <;CG5==>9 @C1:>9 ?@>2>;>:8 [8];3   C@30=AB0;LAB A 35><5B@8G5A:8<8 ?0@0<5B@0<8 D81@K lf = 32 <;L=>9 D>@<K 3,8(0,6 <=F0E D81@K 8<5NBAO 70F5?K 2 <G=>ABL =0 @07@K2 600-900 0; D81@0 ?>;CG5=0 ?CB520=8O AB0;L=KE 703>B>2>: (A;O1>2).0D54@>9 !B@>8B5;L=K5 :>=AB@C:F88 #"# 2K?>;=5=K @0AG5BK ?> ?@>G=>AB8 8 B@5I8=>AB>9:>AB8 8 @07@01>B0=K @5:> B8?>2>9 A5@88 3.501.1-144 65;57>15B>==KE 2>4>?@>?CA:=KE :@C3;KE B@C1 A ?@8<5=5=8515B>=0 157 ?@89 0@<0BC@K A 2KO2;5=853> 48A?5@A=>3> 0@20=8O.  AB0488 87CG5=8O =0E>48BAO D81@>15B>= =0 >A=>25 A8=B5B8G5A:8E 8 C3;5@>4=KE 2>;>:>=."5>@5B8G5A:85 ?@54?>AK;:8 @0AG5B0 ?@>G=>AB8 AB0;5D81@>15B>=0 =0 A60B85 :0: :>78F8>==>3> A=>2K20NBAO =0 70:>=5 0448B82=>AB8 (?@028;> AA>15==>AB59 @01>BK 15B>==>9 A>1=>ABL A5G5=8O M;5?@545;O5BAO 8AE>4O 87 1>;55 =87:8E 7=0G5=89 4C;O C?@C3>AB8 8 C@>2=O ?@545;L=KE 45D>@<0F89  A@02=5=8N A MB8<8 65 ?0@0<5B@0<8 4;O 0@;>:>=. @8 >A52>9 AB0488 CG8BK20NB @01>BC >4=8E B>;L:> 2>;>:>= (D81@) [3]. 0AG5B=>5 A>?@>B82;5=85 @0ABO65=8N AB0;5D81@>15B>=0 Rfbt >?@545;O5BAO 2 7028A8AB8 >B :;0AA0 15B>=0, 2840 8 @072 D81@K, E0@0:B5@0 5Q ?>25@E=>AB8 8 35><5B@88 [3,4]. ACI5AB2CNI59 48:5 @0AG5B0 ?@8 >?@545;5=88 Rfbt @07;8G0NB 2 A;CG0O:- A>?@>B82;5=85 @0ABO65=8N AB0;5D81@>15B>=0 8AG5@?K205BAO 87-70 >1@K20 =5:>B>@>3> :>;8G5AB20 D81@ 8 2K45@3820=8O >AB0;L=KElf, 0= ?@>B82;5=85 @0ABO65=8N AB0;5D81@>15B>=0 8AG5@?K205BAO 87-70 2K45@3820=8O 87 15B>=0 CA;>2=> 2A5E D81@lf, 0=  EMBED Equation.3  lf / 2 ,345 lf  4;8=0 8A?>;L7C59 D81@K, <=5, >15A?5G820NI0O 5Q @07@K2 ?@8 2K45@3820=88, >?@545;O5 D>@5 A>?@>B82;5=85 @0ABO65=8N D81@, 0; Rbn - =>@5 A>?@>B82;5=85 15B>=0 A60B8N, 0;   :>MDD8F85=B, CG8BK20NI89 AF5?;5=85 D81@ A 15B>=> :>=B0:B=>9 ?>25@E=>AB8.! CG5B>1AB>OB5;LAB2 @0AG5B=>5 A>?@>B82;5=85 AB0;5D81@>15B>=0 =0 @0ABO65=85 2 A>>B25BAB288 A D>@9 (2) A> A2>1>4=>9 >@85=B0F859 D81@ 2 >1J5<5 M;5?@545;O5BAO A;54CNI59 7028A8ABLN [3]: EMBED Equation.3 , (2)345 m1  :>MDD8F85=B CA;>289 @01>BK, ?@8=8<05<K9 @02=K;L7>20=8O D81@ A 0=:5@0=F0E 8 @02=KMDD8F85=B D81@>2>3> 0@20=8O ?> >1J5MDD8F85=B, CG8BK20NI89 ?@82545=85 D81@>2>3> (E0>B8G=>3>) 0@20=8O : M:2820;5=B=>?@545;O5 D>@MDD8F85=BK CG8BK20NI85 A>>B25BAB25==> 25@>OB=>ABL ?5@5A5G5=8O D81@09 ?;>A:>AB8; 25@>OB=>5 >B:;>=5=85 =0?@02;5=8O CA8;89 2 MB8E D81@0E >B =0?@02;5=8O @0AG5B=>9 ?;>A:>AB8; 25@>OB=CN 0=:5@>2:C D81@.@>872545=85 :>MDD8F85=B>2 p or ?@8=OB> @02=KMDD8F85=B0 an 3CB 1KBL 2KG8A;5=K 87 CA;>289:lf, 0= 5 A>?@>B82;5=85 AB0;5D81@>15B>=0 A60B8N 65B 1KBL 2KG8A;5=> ?> D>@5 A>?@>B82;5=85 15B>=0 A60B8N, 0.@54AB02;O5B 8=B5@5A @0AAB@5=85 48:8 @0AG5B0 M;52 87 AB0;5D81@>15B>=0, 2>A?@8=8<0NI8E =0@O4C A 873810NI8< 4>;L=CN A684>1=>5 A>G5B0=85 A8;>2KE 2>7459AB289 2AB@5G05BAO 2 A5G5=8OE AB5=>: 2>4>?@>?CA:=KE B@C1, 70AK?=KE 0@>G=KE AB>2 ;5B>2.  >1I5< A;CG05 @0AAB@8< ?@OC3>;L=>5 AB0;5D81@>15B>==>5 A5G5=85, E0@0:B5@=>5 4;O :>=AB@C:F89 B@C1 8 0@>G=KE AB>2. 0AG5B 2K?>;=5= 2 ?@54?>;>65=88, GB> M?N@K =0?@O65=89 2 A60B>9 8 @0ABO=CBKE 7>=0E AB0;5D81@>15B>==KE M;52 83> @02=>25A8O ?@OC3>;L=CN D>@;=CN 8=D>@ @01>B5 AB0;5D81@>15B>==>3> A5G5=8O 405B 7028A8ABL Mper 2 A;CG05 G8AB>3> 873810 8 Nper-eo 2 A;CG05 2=5F5=B@5==>3> A60B8O >B :>MDD8F85=B0 0@20=8O, @0AG5B=KE E0@0:B5@8AB8: D81@K 8 15B>=0. EMBED AutoCAD.Drawing.16  8A. 1. 0AG5B=0O AE5<0 4;O 87381053> AB0;5D81@>15B>==>3> M;5<5=B0 (G8ABK9 87381)@8 : G8AB>285 @02=>25A8O 2A5E A8; =0 3>@87>=B0;L=CN >AL 2 A>>B25BAB288 A @0AG5B=>9 AE59, ?@82545==>9 =0 @8A.1. EMBED Equation.3 . (5)@8 >BACBAB288 2 A5G5=88 =>@<0;L=KE A68B0 A60B>9 7>=K 87381053> M;5<5=B0 65B 1KBL 2KG8A;5=0 ?> D>@340 =5ACI0O A?>A>1=>ABL A5G5=8O ?> 873810NI5<C >B25BAB2>20BL D>@A=>25 M:A?5@8-B5>@5B8G5A:8E 8AA;54>20=89 1K;8 ?>AB@>5=K =>3@0<A>1=>AB8 A5G5=8O 548=8G=>9 H8@8=K 100 AB>9 h=10-16 A 873810NI5<C <5=BC Mper 4;O 8AA;54C52 D81@K 2 480?07>=5 :;0AA>2 15B>=>2 ?> ?@>G=>AB8 =0 A60B85 B 20  B 60 ?@8 >1J545@60=88 D81@K (fv = 0,6-2 %. A=>2=K5 7028A8AB8 4;O AB0;5D81@>15B>==>3> A5G5=8O =0 >A=>25 D81@K   , 8A?>;L7C59  # 0H:8@02B>4>@ ?@54AB02;5=K =0 @8A. 2.0) 1) EMBED Excel.Chart.8 \s   EMBED Excel.Chart.8 \s  8A. 2. >3@0<3> 873810NI53> 15B>==>3> A5G5=8O bxh = 100x10 A< (0) 8 bxh = 100x16 A< (1) 2 7028A8AB8 >B :;0AA0 ?@>G=>AB8 15B>=0 8 :>MDD8F85=B>2 >1KG=>3> 0@20=8O 4;O D81@K A ?>:070B5;O<8:Rf = 440 0; df = 0,6 <<; lf = 45 <48:0 >F5=:8 @01>B>A?>A>1=>AB8 A5G5=8O AB0;5D81@>15B>==>3> M;5 G8ABK9 87381, 1C45B A2>48BAO : ?@>25@:5 CA;>28O 2 A>>B25BAB288 A D>@9 (8)M ( Mper , (8)345 M - 873810NI89 B @0AG5B=>9 =03@C7:8. 0AG5BK ?> ?@>G=>AB8 2K?>;=5=K 4;O =>15B>==KE :>;5F ?> A5@88 3.501.1-144 2K?CA:054>@. @8 ?@84>?@>?CA:=KE B@C1 ?>4 2KA>BC =0AK?8 4> 8 2 8A?>;L7C5BAO AB0;5D81@>15B>= =0 >A=>25 15B>=0 :;0AA0 30 8 D81@K    A ?0@0<5B@0<8, =0720==K2 =5ACI59 A?>A>1=>AB8 ?> 873810NI5<C <5=BC 2 7028A8AB8 >B >68405: ?@82545=K 2 B01;. 1."01;8F0 1B25@AB85 B@C1K do, B0 =0AK?8 H, ;I8=0 725=0 , A;-2> 8 AB5@6=59/ ;>I04L 0@-@K As, A<2 0AG5B=K9 873810NI89 <5=B , :*A>1=>ABL Mper, :*MDD8F85=B5 D81@>2>3> 0@20=8O ?> >1J52545==K5 8A?KB0=8O AB0;5D81@>15B>==>9 2>4>?@>?CA:=>9 B@C1K >B25@AB85< do=1,5 ;I8=>9 AB5=:8 16 A9 2,0 B>2;5==>9  # 0H:8@02B>4>@, =0 AB5=45 # 0HAB@>9 ?@54AB02;5=K =0 @8A. 3,4.  57C;LB0BK @0AG5B>2, ?@82545==KE 2 B01;. 1, 1K;8 ?5@540=K 2 # 0H:8@02B>4>@, GB> ?>72>;8;> >1>A=>20BL 2>76=>ABL ?@>872>4AB20 8 ?@815B>=0 480< 1,0 ;I8=5 AB5=:8 12 A4 2KA>BC =0AK?8 8 < 8 480< 1,5 ;I8=5 AB5=:8 16 A4 2KA>BC =0AK?8 4> 7 B0=K B5E=8G5A:85 CA;>28O "# 5859-002-03433484-2004 ;>:8 2>4>?@>?CA:=KE B@C1 AB0;5D81@>15B>==K5 :@C3;K5 A1>@=K5 =0 MBC ?@>4C:F8N 8 @5:>;>38N ?@>872>4AB20 B@C1. 0720==K5 2KH5 480?07>=K ?> =5ACI59 A?>A>1=>AB8 A>>B25BAB2CNB @0AE>4C D81@K 0,8-1,4% ?> >1J5<C (60-100 :3/9 @0AE>4 D81@K A>276=>ABLN ?@83>B>2;5=8O :0G5AB25==>9 D81@>15B>==>9 A15A?5G820NI59 @02=>5 @0A?@545;5=85 D81@K 2 >1J5<5.  EMBED AutoCAD.Drawing.16  8A. 5. 0AG5B=0O AE5 A60B>3> AB0;5D81@>15B>==>3> M;5<5=B0@8 : 2=5F5=B@5==><C A60B8N 8 ?@OC3>;L=>285 @02=>25A8O 2A5E A8; =0 3>@87>=B0;L=CN >AL 2 A>>B25BAB288 A @0AG5B=>9 AE59, ?@82545==>9 =0 @8A. 5 65B 1KBL ?@54AB02;5=> EMBED Equation.3 . (9)">340 2KA>B0 A60B>9 7>=K A>AB028B: EMBED Equation.3 . (10)5ACI0O A?>A>1=>ABL A5G5=8O ?> ?@>4>;L=>9 A68>B25BAB288 A D>@9 (11) EMBED Equation.3 . (11)#A;>285 @02=>25A8O >B=>A8B5;L=> B>G:8 !  EMBED Equation.3 . (12)=0G5=85 M:AF5=B@8A8B5B0 A8;K N >B=>A8B5;L=> F5=B@0;L=>9 >A8 A>AB028B  EMBED Equation.3 . (13)@8 x=h, A>3;0A=> D>@<C;5 (11),  EMBED Equation.3 . 0AAG8B05 D>@=:@5B=>3> ?> 35><5B@8G5A:8< @07<5@0>B25BAB2CNI85 8>B25BAB288 A D>@9 (13).0 >A=>25 MB8E @0AG5B>2 ?> A>G5B0=8OAB@>5=K =>3@0<<K Nper  eo 4;O 8AA;54C5=5 :;0AA>2 15B>=>2 ?> ?@>G=>AB8 =0 A60B85 B20  B60 ?@8 :>MDD8F85=B5 D81@>2>3> 0@20=8O ?> >1J52=K5 7028A8AB8 4;O ?@OC3>;L=>3> A5G5=8O bh=10025 A3> 4;O :>=AB@C:F89 70AK?=KE 02B>4>@>6=KE 0@>G=KE AB>2 ?@>;5B>< 4 8 6 2, ?@82545=K =0 @8A. 6-8. EMBED Excel.Chart.8 \s  8A.6. >3@0<=0 M:AF5=B@8A8B5B>2 eo= 0-15 A2 15B>=0 ?> ?@>G=>AB8 =0 A60B85 B20  B60 ?@8 >1J545@60=88 D81@K ( fv = 1,5 %.%0@0:B5@8AB8:0 D81@K: Rf = 440 0; df = 0,6 <<; lf = 45 <3@0<=0 M:AF5=B@8A8B5B>2 eo= 15 - 50 A2 15B>=0 ?> ?@>G=>AB8 =0 A60B85 B20  B60 ?@8 >1J545@60=88 D81@K ( fv = 1,5 %.%0@0:B5@8AB8:0 D81@K ?@82545=0 2KH5. EMBED Excel.Chart.8 \s  8A. 8. >3@0<=0 M:AF5=B@8A8B5B>2 eo= 50 - 100 A2 15B>=0 ?> ?@>G=>AB8 =0 A60B85 B20  B60 ?@8 >1J545@60=88 D81@K ( fv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eo = M/N, >?@545;5=8N A 8A?>;L7>20=85>B25BAB2CNI59 =>3@0< 25;8G8=5 eo 7=0G5=8O Nper 8 ?@>25@:5 CA;>28O ?@>G=>AB8 2 A>>B25BAB288 A D>@9 (14)N(Nper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i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`    2 4 6 8 < T Z \ ` b p   $ & 8 L R T X Z \ ^ n x R T *,ɴɭhWCJNHaJ hhWhWhWCJNHaJhWCJaJhWhWCJaJhW5CJNHaJhW5CJaJho856CJ(NHho8ho856CJ(@  D`  z z$t$t$t$t$t$t$t$t$t$t$t$t$t$t%%%%%%v:% $7`7a$gd*$a$gdW$a$gdWgdo8$a$gdo8j,68  NPXZ8@bd  & ( , 0 !!!!!#hPhW@CJaJhWhWCJaJhYphWCJaJhWhWCJaJhWCJNHaJhWCJaJJz>>tFzT!%()>-.03`5799::;;%%%%%%%%%% % %%%%%%% %% % $dha$gdW $7`7a$gd*# ###`$b$$$$$,%.%L%N%V%X%%f&h&''"($(((()))z*|*++++++++++,,,- --2-4-6-8--ɺɺɺɺɲhGzhWCJaJhg hWCJH*aJh*hWCJaJhWCJNHaJhWCJaJhPhW@CJNHaJhPhW@CJaJhg hW@CJH*aJhPhW@CJaJhPhW@CJNHaJ4-----.. ."..H...D/F/H/J/////f0h0011@2B22222333B4D4N4P444`5l6n6667778 8&8:8<8888899h9j9p999hOhWCJaJh*hWCJNHaJ jh*hWCJaJhGzhWCJaJhg hWCJH*aJh*hWCJaJhWCJaJhWCJNHaJA9 :"::::::::::::6;8;;;;;;;;;;;;;;;;;;;;;;̲̾̾̾̾t\̲/jhLhW6CJEHH*UaJmH sH &j!CcE hLhW6CJUVaJ+jhLhW6CJH*UaJmH sH hThWCJaJhW6CJaJhLhW6CJaJhLhW6CJH*aJ"hLhW6CJH*aJmH sH hLhW6CJaJmH sH hWCJNHaJhWCJaJ$;;"<$<&<(<0<2<<>>>ĶvdXOhW6CJaJhLhW6CJaJ#jhWCJEHUaJmH sH jE hWCJUVaJhWCJaJmH sH hLhWCJaJjhWCJUaJmH sH hWCJNHaJhLhW6CJH*aJ"hLhW6CJH*aJmH sH hLhW6CJaJmH sH h*CJaJhWCJaJhWCJH*aJ;==?@@:ACCfD.FFGpGGH0II%%%%% %%%%%!%%%%%I%gd*$Sx`Sa$gd* $S`Sa$gdW$7x`7a$gd*$dh`a$gd* $`a$gdW $7`7a$gd* $`a$gd*$a$gd*>>,>.>x>z>|>>>>>??@@@@@@@@@*ADAFAJAAAFBHBRBXBZB\B^B퍄xfWhW6CJH*aJmH sH "hLhW6CJH*aJmH sH hLhW6CJaJhWCJH*aJh*hW6CJaJmH sH !jh*h*CJEHUaJjǭ2I h*UVjhWCJUaJhWhWCJaJhLhWCJaJh*CJaJhWCJNHaJhWCJaJhW6CJH*aJ"^BBBBBBBhCjCCCCCCDDDDLDfDnDpDrDxD|DDDDErEtEFF.FdFqqqbbbhPhW@CJNHaJ&hPhW6@CJH*aJmH sH hPhW6@CJaJhPhW@CJaJ!jh*h*CJEHUaJj2I h*UVjhWCJUaJhWCJNHaJ"h*hW6CJH*aJmH sH h*hW6CJaJh*CJaJhWCJaJ"dFfFhFjFlFnFrFFFGGG"G&G(G*GBGFGTGVGXGbGfGhGjGpGrGtG~GGGGGGGGƻ᳦r^&j!CcE hLhW6CJUVaJ+jhLhW6CJH*UaJmH sH hLhW6CJH*aJhLhW6CJaJmH sH hWCJH*aJmH sH hWCJaJhW6CJH*aJ5hLhW56CJOJQJZ^J_HaJmH sH "hLhW6CJH*aJmH sH hLhW6CJaJ#GGGGGGGGGGGGGGGGGxHzHHHHHHHHI8I:I de luxe 5040.11 - kaasi . - 6131 hi-fi - raymond weil 2110 cata wow